Increasing unemployment is now becoming a serious problem. This is the biggest problem not only for the country but for the entire world. Now the Indian government is also troubled by this, you can also assess this from the statement of Finance Minister Nirmala Sitharaman, in which she said that employment generation is the biggest global issue today. To deal with this, he has also called on the World Bank to identify high priority skill sectors that generate employment.
Nirmala Sitharaman said that the World Bank should take initiative in this regard. Other countries should also cooperate for this. She was presenting her views in a panel discussion at the World Bank.
Nirmala Sitharaman said that while deciding its future strategic direction, the World Bank should keep in mind that the world is constantly facing economic challenges. New changes are taking place in technology every day. In such a situation, jobs are becoming the biggest global problem. Because of this, the youth are now having to redefine the essential skills while entering the job market.
Nirmala Sitharaman says that the World Bank has already conducted many studies on regional trends and employment. Reasons like green jobs, artificial intelligence and changing demography are important in this. Studies were done on these subjects, but now there is a need to focus on new sectors. He stressed that the need of the hour is to conduct a more comprehensive, multi-region study. It should consider how emerging trends interact and influence both job losses and job creation.
In his address, the Finance Minister urged the World Bank to cooperate with countries in identifying high priority skill sectors on the basis of data, analysis and knowledge work. In this, the focus should be on employment and retaining it according to the skill set.
These days the Finance Minister is present in the US capital Washington to participate in the annual meetings of the International Monetary Fund (IMF) and the World Bank. Here he also held a separate bilateral meeting with Britain's Chancellor of the Exchequer Rachel Reeves. Both the leaders discussed bilateral issues.
